Reaction: Industry welcomes Brexit transition deal but warns 'risks have not gone away'

Industry reacts to landmark arrangement

Greater certainty and stability offered to financial markets by the Brexit transition agreement between the UK and European Union on Monday (19 March) has been welcomed by the industry.

The agreement, which is conditional based on each side reaching a deal on a final withdrawal treaty, will enable a 21-month transition period after the UK leaves the EU on 29 March 2019, whereby a continuation of current laws and regulations would continue to be in place while the country unbinds itself from the bloc. Brexit blog: UK and EU agree terms on Brexittransition deal As part of the deal the UK will be able to reach trade agreements with other countries during the period while still being party to existing EU deals with other countries. In addition, the rights of EU citizens ...